More LNG News

E&Y: New LNG exporters could change pricing status quo

Mar 25, 2013

A broadening of the LNG supply base will support anticipated world demand growth in the next 10-20 years, although pricing scenarios are likely to change with more price-sensitive buyers becoming less willing to pay supply security premiums, according to a recent report by Ernst & Young.

Drewry: LNG trade, fleet heading into choppy waters

Mar 21, 2013

Heating demand in major LNG importing regions fell in February. In addition, cargo availability tightened after a few unplanned shutdowns, leading to a 4% decline in Drewry Maritime Research’s LNG Freight Index.

LNG export strategy should be balanced, expert tells House panel

Mar 21, 2013

The US should adopt an LNG export strategy that provides certainty for producers but doesn’t significantly increase prices for industries and other consumers, an expert told the US House Oversight and Investigations Committee.

E&Y: New LNG exporters could change pricing status quo

Mar 19, 2013

A broadening of the LNG supply base will support anticipated demand growth in the next 10-20 years, although pricing scenarios are likely to change with more price-sensitive buyers becoming less willing to pay supply security premiums, according to a recent report by Ernst & Young.

ONGC group studies Mangalore LNG terminal

Mar 19, 2013

Oil & Natural Gas Corp. Ltd., Bharat Petroleum Corp. Ltd., and Mitsui & Co. Ltd. are studying feasibility of a 2-3-million tonne/year LNG terminal at Mangalore, on the southwest coast of India.

Statoil, ExxonMobil hit more gas on Tanzania Block 2

Mar 18, 2013

Statoil ASA and ExxonMobil Corp. have discovered gas at a third deepwater well, estimated to have 4 to 6 tcf of gas in place, on Block 2 offshore Tanzania.

OGJ Newsletter

Mar 11, 2013

International news for oil and gas professionals

Japex to buy stake in Canada LNG, shale gas project from Petronas

Mar 5, 2013

Japan Petroleum Exploration Co. (Japex) agreed to join the proposed British Columbia Pacific Northwest LNG venture and to buy a stake in the North Montney shale gas project from Malaysia’s Petronas.

WoodMac: LNG suppliers should focus on Southeast Asia

Mar 4, 2013

Global LNG suppliers looking at Asia should focus more on combined Southeast Asian markets—Indonesia, Thailand, Malaysia, and Singapore—as the LNG appetite of these markets increase. India, on the other hand, may disappoint.

US LNG conundrum solved

Mar 4, 2013

Listening only to the more vocal, sometimes hysterical opponents of US LNG exports might remind us of periods in US history when isolationists ruled political and economic thinking.

QGC connects two Curtis Island LNG plants to mainland

Mar 1, 2013

QGC Pty. Ltd. simultaneously laid two 1-m gas pipelines across Gladstone Harbor, using the same trench to connect the Queensland Curtis LNG project and Australia Pacific LNG project—both on Curtis Island—to the mainland.

ConocoPhillips planning to divest some LNG, oil sands assets

Feb 28, 2013

ConocoPhillips is planning to sell some of its interest in the Australia Pacific LNG project and in the Canadian oil sands in a strategy to devote more cash to US shale plays, ConocoPhilips Chief Executive Ryan Lance said during a Feb. 28 investor and analyst meeting.

Shell to buy certain LNG assets from Repsol for $4.4 billion

Feb 26, 2013

Royal Dutch Shell PLC agreed to acquire various LNG assets from Repsol SA, including supply positions in Peru and Trinidad and Tobago, for $4.4 billion.

LNG agreement boosts plant offshore Israel

Feb 26, 2013

Levant LNG and Gazprom Marketing & Trading Switzerland AG have signed a heads of agreement covering the sale of LNG from the floating liquefaction plant Levant hopes to install offshore Israel (OGJ Online, Nov. 29, 2012).

Industry urges DOE to approve LNG exports as comment period ends

Feb 25, 2013

US natural gas producers urged the US Department of Energy to quickly approve LNG export applications as DOE’s comment period on allowing US LNG exports closed.

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